The National Institute of Statistics and Censuses (INDEC) will release next Tuesday the Consumer Price Index (CPI) for January, which is expected to reflect a notable increase in prices. This was announced by the private consultants and the Secretary of Internal Trade, Roberto Feletti, who considered that January’s inflation “is going to be high”, although he estimates it to be around 3.8 percent, the same as in December, unlike what the private analyzes predict.
Feletti pointed out last week that January’s inflation “will still be high, but lower than January of last year” and stated that “it will be influenced by vegetables and legumes, less by meat.” “We do not have an acceleration of inflation. It will not be worse than in 2021, that way it could be better. The agreement with the IMF is very important, that reserves are recovered and that the level of economic recovery is maintained, I think that it will get worse compared to 2021,” said the national official.
Rentals
After the first meeting they had a few days ago, the representatives of the Argentine Real Estate Chamber (CIA) and the Tenants Federation, will have a new meeting in the Secretary of Domestic Trade commanded by Roberto Feletti. Recently, the secretary assured on C5N that there is a gap between tenants who need rent and cannot afford the monthly payments and a landlord who seeks to increase his investment in some way. In this framework, he did not rule out some type of regulation for empty homes that could add to the scarce supply available in the rental market.
Collectives
On Thursday, the Buenos Aires government minister, Jorge Macri, and the Secretary of Transportation, Manuela López Menéndez, will attend the national government’s call. The meeting will be at the headquarters of the Ministry of National Transport with the Secretary of Management of the area, Diego Giuliano. If Minister Alexis Guerrera joins, the Buenos Aires chief of staff, Felipe Miguel, will appear.
The National Executive seeks to transfer the service to the City and reallocate the $14 billion in subsidies to other provinces to balance the asymmetries with the cost of the ticket outside the Buenos Aires metropolitan area. With that promise, the Government added the support of several governors while the head of government Horacio Rodríguez Larreta questions the measure, arguing that it attacks the “autonomy of the City.”
Rates
On Thursday, the public hearing will be held for the transition rates of the electricity system. Proposals for a new electricity service transition rate table for reference prices in the Wholesale Electricity Market (MEM), transport and distribution of the Edenor and Edesur concessionaires, which operate in the Metropolitan Area of Buenos Aires (AMBA) , will be analyzed next Thursday in a public hearing convened by the National Electricity Regulatory Entity (ENRE).
Open participation requires prior registration, which will be open through the ENRE website until 11:59 p.m. tomorrow, February 14. The hearing will begin at 8 on Thursday and will be held virtually, in accordance with the provisions of Entity resolution 25/2022, on which occasion the 2022 Tariff Transition Regime proposed by Edenor and Edesur will be presented.
IMF
This week, negotiations will also continue between officials from the Ministry of Economy and the Central Bank with the staff of the International Monetary Fund (IMF) to reach a definitive agreement on the new Extended Fund Facility (EFF) program that will refinance the standby loan of 2018.
Meanwhile, Martín Guzmán continues with a series of virtual meetings with economy ministers from other countries and outlining support from countries outside the IMF Board of Directors. He still has to define his presence at the G20 Finance Ministers and Central Bank Presidents meeting in Jakarta. At the end of January, the government had set itself the tentative goal of being able to close the last part of the negotiations in four weeks, which would give it an estimated time throughout February to finalize the memorandum of understanding.
The internal and agency approval processes will then begin. In turn, the understanding must be taken to Congress where they await rapid approval. The limit is set by the maturities: on March 21 and 22 another large debt maturity with the IMF will fall for USD 2,800 million, a sum that the Government will not be able to afford.
Other data
On Wednesday, the National Institute of Statistics and Censuses (INDEC) will announce the use of installed capacity in the industry for December and on Thursday the 17th wholesale inflation and the construction cost index will be published.
Source: Ambito
David William is a talented author who has made a name for himself in the world of writing. He is a professional author who writes on a wide range of topics, from general interest to opinion news. David is currently working as a writer at 24 hours worlds where he brings his unique perspective and in-depth research to his articles, making them both informative and engaging.
